Employee Was Paid Bonus by Barclays After It Bought Lehman, but He Wants Another Check

Lehman Brothers says a former trader received his entire $84 million bonus in 2008. Now the failed bank claims he is asking for it again.

Jonathan Hoffman, a 42-year-old global rates trader, was Lehman’s third-highest paid rank-and-file employee when the bank collapsed. After Barclays PLC bought the bank, it “fully paid” Mr. Hoffman’s bonus, according to a lawyer for James W. Giddens, the trustee for Lehman’s brokerage.